ss&c technologies holdings (SSNC) Key Developments

SS&C Technologies Holdings, Inc. Announces the Launch of its Accounting and Reporting Service for Insurance Companies

Feb 26 15

SS&C Technologies Holdings, Inc. announced the launch of its accounting and reporting service for insurance companies in support of non-traditional assets. The move comes as the insurance industry has been searching for ways to enhance risk-adjusted return, given the continued challenge of a low interest rate environment. Managing non-traditional assets requires complex investment accounting and reporting often not supported by insurance companies' legacy systems.

SS&C Technologies Holdings, Inc. announced quarterly dividend policy, its board of directors has approved a quarterly dividend of $0.125 per share, payable on March 16, 2015 to stockholders of record as of the close of business on March 2, 2015.

SS&C Technologies Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Feb 12 15

SS&C Technologies Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $200,731,000 against $182,522,000 a year ago. Operating income was $53,595,000 against $47,816,000 a year ago. Income before income taxes was $49,828,000 against $40,954,000 a year ago. Net income was $36,607,000 against $26,881,000 a year ago. Diluted earnings per share were $0.42 against $0.31 a year ago. Adjusted revenue was $201,234,000 against $182,522,000 a year ago. Adjusted operating income was $80,195,000 against $72,211,000 a year ago. EBITDA was $80,900,000 against $74,247,000 a year ago. Consolidated EBITDA was $85,926,000 against $76,009,000 a year ago. Adjusted consolidated EBITDA was $84,091,000 against $76,009,000 a year ago. Adjusted net income was $54,651,000 against $45,975,000 a year ago. Adjusted diluted earnings per share were $0.62 against $0.53 a year ago.
For the full year, the company reported total revenues of $767,861,000 against $712,702,000 a year ago. Operating income was $200,372,000 against $182,968,000 a year ago. Income before income taxes was $177,654,000 against $145,187,000 a year ago. Net income was $131,127,000 against $117,895,000 a year ago. Diluted earnings per share were $1.50 against $1.38 a year ago. Net cash provided by operating activities was $252,502,000 against $208,269,000 a year ago. Additions to property and equipment were $15,040,000 against $11,921,000 a year ago. Additions to capitalized software were $3,517,000 against $2,399,000 a year ago. Adjusted revenue was $768,364,000 against $712,838,000 a year ago. Adjusted operating income was $305,453,000 against $276,897,000 a year ago. EBITDA was $302,957,000 against $286,246,000 a year ago. Consolidated EBITDA was $325,580,000 against $292,766,000 a year ago. Adjusted consolidated EBITDA was $320,113,000 against $291,876,000 a year ago. Adjusted net income was $205,792,000 against $169,014,000 a year ago. Adjusted diluted earnings per share were $2.36 against $1.97 a year ago.
For the first quarter of 2015, the company expects adjusted revenue to be in the range of $204.0 million to $210.0 million, adjusted net income to be in the range of $50.9 million to $53.0 million, and effective income tax rate to be 28%.
For the full year of 2015, the company expects adjusted revenue to be in the range of $852.0 million to $872.0 million, adjusted net income to be in the range of $229.0 million to $240.0 million, cash from operating activities to be in the range of $260 million to $275 million, capital expenditures to be 2.5% to 3% of revenue, and effective income tax rate to be 28%.

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